Do Gasoline Demand Elasticities Vary?: Comment
The author demonstrates that estimates made in an earlier article by Carol Dahl on the constancy of price elasticity of world gasoline demand have some econometric problems because of two variables used in the estimation. Dahl assumes the exogeneity of gasoline prices on two bases: (1) each country...
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| Veröffentlicht in: | Land Econ.; (United States) 1985-05, Vol.61 (2), p.198-200 |
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| container_title | Land Econ.; (United States) |
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| creator | Yang, Bong M. |
| description | The author demonstrates that estimates made in an earlier article by Carol Dahl on the constancy of price elasticity of world gasoline demand have some econometric problems because of two variables used in the estimation. Dahl assumes the exogeneity of gasoline prices on two bases: (1) each country is a small share of the world market, and world gasoline market is competitive with unrestricted trade; and (2) most developing countries had government petroleum product price controls during the period under consideration. The author finds these two assumptions irrelevant and recommends disregarding the countries and time periods. Dahl responds that professional consensus and statistical evidence does not warrant making these omissions on the grounds of bias. 19 references, 2 figures. |
| doi_str_mv | 10.2307/3145813 |
| format | Article |
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Dahl assumes the exogeneity of gasoline prices on two bases: (1) each country is a small share of the world market, and world gasoline market is competitive with unrestricted trade; and (2) most developing countries had government petroleum product price controls during the period under consideration. The author finds these two assumptions irrelevant and recommends disregarding the countries and time periods. 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Dahl responds that professional consensus and statistical evidence does not warrant making these omissions on the grounds of bias. 19 references, 2 figures.</description><subject>02 PETROLEUM</subject><subject>020700 - Petroleum- Economics, Industrial, & Business Aspects</subject><subject>294002 - Energy Planning & Policy- Petroleum</subject><subject>Automobiles</subject><subject>Comment and Reply</subject><subject>DEMAND</subject><subject>DEMAND FACTORS</subject><subject>ECONOMETRICS</subject><subject>ECONOMIC ELASTICITY</subject><subject>ECONOMICS</subject><subject>ENERGY DEMAND</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>Estimation bias</subject><subject>Estimation methods</subject><subject>FUELS</subject><subject>GASOLINE</subject><subject>Gasoline price controls</subject><subject>Gasoline prices</subject><subject>LIQUID FUELS</subject><subject>MARKET</subject><subject>Market prices</subject><subject>MATHEMATICS</subject><subject>Maximum likelihood estimation</subject><subject>PETROLEUM PRODUCTS</subject><subject>PRICES</subject><subject>REGRESSION ANALYSIS</subject><subject>STATISTICS</subject><subject>Supply and demand</subject><issn>0023-7639</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1985</creationdate><recordtype>article</recordtype><recordid>eNp1j8FKxDAQhnNQcF3FVygieOqaZJqk9SLSXVdhwYt6DdnpFLu0jTS5-PZm6V4dBgZ-PobvZ-xG8JUEbh5AFKoUcMYWnEvIjYbqgl2GcOBpjDYLtlr7bOuC77uRsjUNbmyyTe9C7LCLHYXsy02_T49Z7YeBxnjFzlvXB7o-3SX7fNl81K_57n37Vj_vcpSFjLluhXJOYrWnEqEhVDJFKNCQalDqKq1xptyDAWwBS9BCCm2UclDwsoUlu53_-mRiQ3Ih_EY_joTRqkILIYsE3c8QTj6EiVr7M3VD8rWC22N_e-qfyLuZPITop3-xP5akV18</recordid><startdate>19850501</startdate><enddate>19850501</enddate><creator>Yang, Bong M.</creator><general>University of Wisconsin Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>OTOTI</scope></search><sort><creationdate>19850501</creationdate><title>Do Gasoline Demand Elasticities Vary?: Comment</title><author>Yang, Bong M.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c242t-6f15aa2c9be8c3dec526f1c1c7e5dc2692697a78b373cf3c8361216755a3408f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1985</creationdate><topic>02 PETROLEUM</topic><topic>020700 - Petroleum- Economics, Industrial, & Business Aspects</topic><topic>294002 - Energy Planning & Policy- Petroleum</topic><topic>Automobiles</topic><topic>Comment and Reply</topic><topic>DEMAND</topic><topic>DEMAND FACTORS</topic><topic>ECONOMETRICS</topic><topic>ECONOMIC ELASTICITY</topic><topic>ECONOMICS</topic><topic>ENERGY DEMAND</topic><topic>ENERGY PLANNING, POLICY AND ECONOMY</topic><topic>Estimation bias</topic><topic>Estimation methods</topic><topic>FUELS</topic><topic>GASOLINE</topic><topic>Gasoline price controls</topic><topic>Gasoline prices</topic><topic>LIQUID FUELS</topic><topic>MARKET</topic><topic>Market prices</topic><topic>MATHEMATICS</topic><topic>Maximum likelihood estimation</topic><topic>PETROLEUM PRODUCTS</topic><topic>PRICES</topic><topic>REGRESSION ANALYSIS</topic><topic>STATISTICS</topic><topic>Supply and demand</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Yang, Bong M.</creatorcontrib><creatorcontrib>Univ. of Lowell, MA</creatorcontrib><collection>CrossRef</collection><collection>OSTI.GOV</collection><jtitle>Land Econ.; (United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Yang, Bong M.</au><aucorp>Univ. of Lowell, MA</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Do Gasoline Demand Elasticities Vary?: Comment</atitle><jtitle>Land Econ.; (United States)</jtitle><date>1985-05-01</date><risdate>1985</risdate><volume>61</volume><issue>2</issue><spage>198</spage><epage>200</epage><pages>198-200</pages><issn>0023-7639</issn><abstract>The author demonstrates that estimates made in an earlier article by Carol Dahl on the constancy of price elasticity of world gasoline demand have some econometric problems because of two variables used in the estimation. Dahl assumes the exogeneity of gasoline prices on two bases: (1) each country is a small share of the world market, and world gasoline market is competitive with unrestricted trade; and (2) most developing countries had government petroleum product price controls during the period under consideration. The author finds these two assumptions irrelevant and recommends disregarding the countries and time periods. Dahl responds that professional consensus and statistical evidence does not warrant making these omissions on the grounds of bias. 19 references, 2 figures.</abstract><cop>United States</cop><pub>University of Wisconsin Press</pub><doi>10.2307/3145813</doi><tpages>3</tpages></addata></record> |
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| ispartof | Land Econ.; (United States), 1985-05, Vol.61 (2), p.198-200 |
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| language | eng |
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| source | Jstor Complete Legacy; Business Source Complete |
| subjects | 02 PETROLEUM 020700 - Petroleum- Economics, Industrial, & Business Aspects 294002 - Energy Planning & Policy- Petroleum Automobiles Comment and Reply DEMAND DEMAND FACTORS ECONOMETRICS ECONOMIC ELASTICITY ECONOMICS ENERGY DEMAND ENERGY PLANNING, POLICY AND ECONOMY Estimation bias Estimation methods FUELS GASOLINE Gasoline price controls Gasoline prices LIQUID FUELS MARKET Market prices MATHEMATICS Maximum likelihood estimation PETROLEUM PRODUCTS PRICES REGRESSION ANALYSIS STATISTICS Supply and demand |
| title | Do Gasoline Demand Elasticities Vary?: Comment |
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